ivan Posted December 12, 2008 Share Posted December 12, 2008 hiding 50million under your bed is a lil difficult im sure someone would notice. It makes for a really lumpy matress and a bad nights sleep, believe me. i think thats it. so the money did not go anywhere it just shrunk like a willy after sex. That's probably the most sensible and profound thing I've ever seen you write. Link to comment Share on other sites More sharing options...
Kim1978 Posted December 12, 2008 Share Posted December 12, 2008 Sometimes prices just rally away faster than historical averages and without fundamental factors supporting it, causing a bubble. Sooner or later this bubble will deflate, causing a sh1tstorm. All banks will run for umbrellas and those who don't have one will be burried in sh1te. What we now witness is a mountain of sh1te that is just growing and growing and before this mountain grows too big Gordon Brown gets into a fire-resistant suit and pick up a flamethrower. Fock he said, he already used the flamethrower to spice- and hot-up other things so needs to to reload it. Sadly for you Mr. Raven, this flamethrower is not petrol-fueled but £££-fueled and guess who is going to reload it? So Gordon runs home to you and ask for a contribution to his burn-the-sh1te-fund. Since you spent your money on the necessities in life such as turbokits, poker, women, sex, a house you can't afford and other sh1te he forces you to sell both your house and you supra, hence fire sale. Of course, you have the privilige of keeping your debt which you and your children will service and amortize for the rest of your lives. To shed a positive light over this story, your great grand children, who now are debt free, will some day be able to buy one of those luxury 12bhp solar-powered Ying-Yang automobiles. Link to comment Share on other sites More sharing options...
AndrewOW Posted December 12, 2008 Share Posted December 12, 2008 i think thats it. so the money did not go anywhere it just shrunk like a willy after sex. He shoots. He scores (so to speak)! Very funny analogy that Carl. Well done Link to comment Share on other sites More sharing options...
colsoop Posted December 12, 2008 Share Posted December 12, 2008 Isn't the majority of this mess down to sub prime lending ? Link to comment Share on other sites More sharing options...
Gazboy Posted December 12, 2008 Share Posted December 12, 2008 Isn't the majority of this mess down to sub prime lending ? General financial recklessness would coin it better. Sub-prime was one of the major components that lit the fuse but it wasn't soley down to Cleatus & Leroy borrowing too much money. It was a bank in France that realised one of it's investments was worth many billions of Euros less than they had paid which was the match, and it in turn caused other banks to assess their exposure and what these financial vehicles were actually worth and many of these FV's simply couldn't be valued as they had become so convoluted & complex, repackaged and rebranded. Kind of like a big game of musical chairs, pass the parcel and twister rolled into one, with no-one knowing the actual rules, no referee and making it up as they went along. Link to comment Share on other sites More sharing options...
DaveK Posted December 12, 2008 Share Posted December 12, 2008 You have to bear in mind as well, that once the problem has started it becomes partly self fulfilling. Most people are worried about the credit crunch. Big businesses are cutting jobs and some are threatening bankruptcy. This makes people nervous, so they reduce their spending - cut back on holidays, no new car this year, the old laptop will last another 6 months etc. etc. So the companies see their income shrink, and want to reduce their costs even more..... I'm surprised at some of the cutbacks my company has put in place recently. But there is also a knock on effect of that - travel has been virtually banned, the local taxi firm is going to be hit hard and a certain airline is going to see a very big reduction indeed in it's income. Link to comment Share on other sites More sharing options...
ivan Posted December 12, 2008 Share Posted December 12, 2008 It was a bank in France that realised one of it's investments was worth many billions of Euros less than they had paid which was the match, and it in turn caused other banks to assess their exposure and...So it's all down to the bl00dy French then? I should have guessed! Link to comment Share on other sites More sharing options...
Gazboy Posted December 13, 2008 Share Posted December 13, 2008 So it's all down to the bl00dy French then? I should have guessed! With the Detroit 3 being refused a bail-out (due to the Unions lmapooning themselves) we will now move into Act 4 of the Credit Crunch. Link to comment Share on other sites More sharing options...
Carl_S Posted December 13, 2008 Share Posted December 13, 2008 The french are great, but I do find the accent and all the "euh" "bah" "Ouaaai" a bit annoying. I like the fact that the french pm married a singer/model. also find the way he walks very interesting. Link to comment Share on other sites More sharing options...
Gazboy Posted December 13, 2008 Share Posted December 13, 2008 Carla Bruni! God that Sarkozy bloke really punched above his weight there! Just seen the White House will allow Detroit access to the $700m Financial Aid pot, I wonder if this move will be blocked? Link to comment Share on other sites More sharing options...
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